Paul Krugman

@paulkrugman ↗

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Last Checked July 31, 2020

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Wed Jul 17 20:41:54 +0000 2019

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Paul Krugman @paulkrugman

They use documentary evidence to isolate fiscal stimulus that was NOT in response to trouble, and finds that in those cases it's expansionary -- a result very relevant to the Trump economy 3/ — PolitiTweet.org

Posted July 17, 2019 Hibernated

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Paul Krugman @paulkrugman

The big problem with using historical data here is that stimulus is often a response to adverse shocks, which means that it can have a spurious correlation with poor performance; it's as if you said that since people with headaches take aspirin, aspirin causes headaches 2/ — PolitiTweet.org

Posted July 17, 2019 Hibernated

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Paul Krugman @paulkrugman

Thanks to the tax cut but also the GOP relaxing austerity now that they have their own guy in office, we've had quite a lot of fiscal stimulus. Here's the CBO estimate of the cyclically adjusted budget deficit 4/ https://t.co/aEOSJHiiwW — PolitiTweet.org

Posted July 17, 2019 Hibernated